SUPERVALU Sales Up 4.8% in Third Quarter - Modern Distribution Management

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SUPERVALU Sales Up 4.8% in Third Quarter

Sales increase in all three business segments, profit improves 154.8 percent.

SUPERVALU Inc. (NYSE: SVU), Minneapolis, MN, reported sales for the third quarter of fiscal 2015 ended Nov. 29, 2014, of $4.2 billion, an increase of 4.8 percent. Profit increased 154.8 percent to $79 million.

Third-quarter Independent Business net sales were $1.96 billion compared to $1.91 billion last year, an increase of 2.4 percent, primarily due to increased sales to existing customers and new accounts partly offset by lost accounts.

Save-A-Lot net sales were $1.08 billion compared to $991 million last year, an increase of 8.9 percent, primarily reflecting the impact from network identical store sales of positive 6.9 percent and new store openings.

And Retail Food net sales were $1.12 billion compared to $1.06 billion last year. The increase was primarily due to newly acquired stores and identical store sales of positive 2.3 percent.

Year to date, SUVERVALU reported sales of $13.5 billion, a 1.9 increase from the first nine months of the previous fiscal period. Profit decreased 1.9 percent to $153 million.

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